New Construction Shortage in U.S. Will to Persist Until 2022

Zillow | September 11, 2019

According to Zillow polling results from U.S. economists and real estate experts, while home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later. The for-sale market has experienced persistently low inventory over the past few years. A continued low rate of new construction would likely keep demand high for the relatively limited single-family homes that are available and keep many in the rental market for longer, putting price pressure on both the for-sale and rental housing markets.

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Spotlight

Social media has become very essential for all real estate agents nowadays. As a realtor, you should have great presence on all social media channels to engage, connect and make new clients. One way to do this is by having advertisements on your social media channels for your real estate business.

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REAL ESTATE TECHNOLOGY

ImmoScout24 Partners with Branch to Power Mobile Growth via Web to App Journeys

ImmoScout24 | September 30, 2021

Branch the leading cross-platform solution for deep linking and attribution, has announced their continued relationship with ImmoScout24, the leading online marketplace for real estate in Germany and Austria. Branch will provide its web-to-app Journeys product to drive users from the mobile web to ImmoScout24's app, while also maintaining the context of users' mobile web points of origin. We are beyond excited to see what this next phase of our relationship brings, which will see ImmoScout24 continue to leverage Branch's web-to-app Journeys banners. We are investing heavily in the DACH region to expand our footprint and we are thrilled to have a client like ImmoScout24 using our Journeys product in so many creative ways - David Brown, Director of Customer Success, EMEA at Branch. Ensuring an engaging customer experience across channels and platforms can be difficult across a fragmented mobile ecosystem and important consumer data often gets lost in the process. Branch will help ImmoScout24 use their mobile website as a personalized app acquisition channel. Branch is a valuable partner when it comes to the growth and engagement of our mobile app user base and we are happy to continue our cooperation. - Patrick Gerstenecker, Director of Product Management at ImmoScout24. About ImmoScout24 ImmoScout24 is the leading online platform for residential and commercial real estate in Germany. For over 20 years, ImmoScout24 has been revolutionising the real estate market and supports over 20 million users each month on its online marketplace or in its app to find a new home or commercial space. That's why 99 percent of our target customer group knows ImmoScout24. With its digital solutions, the online marketplace coordinates and brings owners, realtors, tenants and buyers successfully together. ImmoScout24 is working towards the goal of digitising the process of real estate transactions and thereby making complex decisions easy. Since 2012, ImmoScout24 has also been active in the Austrian real estate market, reaching around 3 million users monthly. About Branch Branch provides the leading cross-platform linking and attribution platform, offering solutions that unify user experience and measurement across devices and channels. Branch powers mobile links and cross-platform measurement to more than 3 billion monthly users across the globe, and has been selected by over 75,000 apps since 2014 including Adobe, BuzzFeed, Yelp, and many more.

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REAL ESTATE TECHNOLOGY

New Industrial Real Estate Joint Venture for NPS and Stockbridge

businesswire | December 03, 2020

Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed. The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times. “We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.” “We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.” “This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.” The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.

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REAL ESTATE TECHNOLOGY

WSGF Announces Vaycaychella P2P Alternative Real Estate Investment App Beta Launch

prnewswire | March 01, 2021

World Series of Golf, Inc. through its new working auxiliary, Vaycaychella, today reported starting beta testing of its elective account application intended to encourage the acquisition of momentary investment properties. Tomorrow, an email will go out to all gatherings that communicated interest on the organization's site in taking part as beta clients. Subsequent to affirming beta clients, the organization will give the beta clients admittance to the Vaycaychella application. The underlying beta testing period is at present booked to go on until the finish of this current month at which time results will be inspected and application updates will be evaluated. The organization is on target to deliver the application to beta clients before the current month's over. A creation discharge is additionally on target for June. The Vaycaychella application is intended to engage another age of transient investment property administrator business visionaries (or Rentrepreneurs) and to offer admittance to another age of land financial backers.

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